Cash Prime Brokerage- Product Development US
Nomura · New York City · $275,000–$300,000 (stated in the posting)
Job Title: Product Manager, Cash Prime Brokerage
Corporate Title: Executive Director
Department: Global Markets
Location: New York, NY
The pay range for this position at commencement of employment is expected to be between $275,000 and $300,000 [year] * (see below footnote for additional compensation and benefits information).
Company overview
Nomura is a financial services group with an integrated global network. By connecting markets East & West, we service the needs of individuals, institutions, corporates and governments through our four business divisions: Wealth Management, Investment Management, Wholesale (Global Markets and Investment Banking) and Banking.
Driven by the insights of some 28,000 people worldwide, we put our clients at the center of everything we do, delivering unparalleled access to, from and within Asia. For further information about Nomura, visit www.nomura.com
Aon’s Benefit Index®, Nomura’s benefits rank #1 amongst our competitors
Department Overview- Global Markets
Nomura's Global Markets department provides liquidity, market insights, and execution services to clients worldwide across various asset classes, including equities, fixed income, currencies, and commodities. The team's focus on innovation and technology provides clients with access to cutting-edge trading platforms and customized solutions. Nomura's Global Markets team specializes in market-making, risk management, and electronic trading, with a strong global presence and reputation for exceptional service to clients. With expertise, global reach, and commitment to innovation, Nomura's Global Markets department is well-positioned to continue driving growth and success in the financial industry.
Role Description:
Product Manager, Cash Prime Brokerage
Role Purpose
Lead end-to-end product lifecycle for Cash Prime Brokerage. Translate margin methodologies, client requirements, and regulatory requirements into scalable product solutions. Drive strategic roadmap for Cash PB platform with fit-for-purpose, globally consistent architecture.
Key Responsibilities
Product Strategy & Platform Development
- Own Cash PB product strategy and platform roadmap
- Partner with Sales, Trading, and management to evolve platform meeting client demand and competitive positioning
- Drive governance and prioritization across cross-functional programmes, ensuring delivery against timelines and commercial outcomes
- Collaborate with Operations and Middle Office to streamline front-to-back Cash PB processes and strengthen control frameworks
Margin & Regulatory Expertise
- Act as subject matter expert for Regulatory Margin Framework inc. FINRA 4210, Reg T, Portfolio Margin, OCC Margin
- Partner with Risk, Operations, Legal, and Compliance to ensure product design meets commercial objectives and regulatory requirements (Reg T, FINRA 4210, portfolio margining, central clearing)
- Monitor regulatory developments and translate into platform enhancements
- Lead cross-functional teams achieving margin optimization and operational efficiency
Technology Partnership & Stakeholder Management
- Partner with CTO and Project Management teams to translate business requirements into technology delivery
- Hold technology teams accountable for delivery quality and timelines while escalating appropriately
- Communicate at all levels: technical depth to specialists; strategic framing to senior management
- Work with global stakeholders on platform standardization and transformation initiatives
What Success Looks Like
- Comprehensive Cash PB roadmap with clear prioritization and business impact, leading to key programme deliveries for Cash PB especially US/EMEA
- Enhanced margin optimization driving measurable P&L impact and capital efficiency
- Strong business partnerships as trusted advisor and subject matter expert
- Platform consolidation with clear end-state definitions and migration paths
Skills, experience, qualifications and knowledge required:
- 10+ years Prime Brokerage experience in product management or platform development within Cash PB
- Demonstrated delivery of arranged financing platforms — ideally built at large institutions and scaled at smaller shops
- Deep knowledge of regulatory margin frameworks (Reg T, FINRA 4210, portfolio margining)
- Proven ability to manage complex cross-functional initiatives across business and technology teams globally
- Exceptional communication skills flexing between detail-oriented technical depth and senior-level strategic framing
Nomura Leadership Behaviours
- Explore Insights & Vision: Identify the underlying causes of problems faced by you or your team and define a clear vision and direction for the future.
- Making Strategic Decisions: Evaluate all the options for resolving the problems and effectively prioritize actions or recommendations.
- Inspire Entrepreneurship in People: Inspire team members through effective communication of ideas and motivate them to actively enhance productivity.
- Elevate Organizational Capability: Engage proactively in professional development and enhance team productivity through the promotion of knowledge sharing.
- Inclusion: Foster a culture of inclusion and psychological safety in the workplace and cultivate a "Risk Culture" (Challenge, Escalate and Respect).
* base pay offered may vary depending on multiple individualized factors, including market location, corporate and functional title and duties, job-related knowledge and advanced degrees, skills, and experience. The total compensation package for this position may also include other elements, including a sign-on bonus, restricted stock units, and discretionary awards in addition to a full range of medical, financial, and/or other benefits (including 401(k) eligibility and various paid time off benefits, such as vacation, sick time, and parental leave), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.
If hired in the U.S., employee will be in an “at-will position” and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors”.
**US FINANCE ONLY** Applicants f or this position in the Finance Division of NHA must be currently authorized to work for any employer in the United States. The Finance Division is not sponsoring or taking over sponsorship of employment visas for this position at this time
Nomura is an Equal Opportunity Employer